Animoca Brands Joins the Celo Blockchain Ecosystem
Animoca Brands is set to introduce their Web3 games into the mobile application of the Celo blockchain. They will also serve as one of Celo’s network validators, ensuring its security alongside industry giants like Deutsche Telekom, Coinbase, a16z, among others.
Animoca Brands stands out as the first of a hundred Celo partners to provide blockchain games to the ecosystem. The company believes this step edges them closer to crafting a milieu conducive to the mass adoption of Web3 and blockchain-based entertainment products.
In addition, Animoca Brands is negotiating a strategic partnership with the Celo Foundation, an entity committed to the expansion of the decentralized mobile platform, Celo.
Should this partnership materialize, both companies will delve into the development and creation of applications targeting the social and environmental domains.
A noteworthy highlight is the alliance struck in June 2023 between Animoca Brands and Mitsui, a prominent Japanese trading corporation. The entities will jointly pioneer projects aimed at fostering blockchain and Web3 integration in Japan.
Previously, Animoca Brands made public their collaboration with Hooked Protocol, a venture aimed at creating large-scale educational and entertainment Web3 products.
What sets the Celo blockchain apart from others?
Celo is a carbon-neutral, open-source, Layer-1 blockchain explicitly engineered for smartphones. It operates on a Proof-of-Stake mechanism, is compatible with the Ethereum Virtual Machine, and uses phone numbers as cryptocurrency wallet addresses.
The Celo application grants users access to an extensive ecosystem composed of its own products as well as those of its partners. Built on this blockchain are a plethora of user-friendly solutions in the DeFi and NFT space, aimed at newcomers in the world of cryptocurrencies.
Celo, since its inception in 2020, has earned support from over 1000 ecosystem projects. As a blockchain platform designed for mobile devices, it aims to reach a potential audience of 6.4 billion users worldwide, winning over users with the ease of its cryptocurrency mobile payment system.
About Animoca Brands
Animoca Brands, renowned for creating free mobile games, has also carved out a prominent role in the Web3 realm. The company holds a spot on the Fortune Crypto 40 list, positioning itself as a fast-growing player in the Asia-Pacific region.
Digital entertainment, blockchain technology, gamification, the metaverse, and gaming ownership rights are all hallmarks of Animoca Brands. Their range of products includes notable titles like The Sandbox, Phantom Galaxies, Life Beyond, and Crazy Kings.
They boast a multitude of subsidiaries, such as Blowfish Studios, Quidd, Pixowl, and Forj. Furthermore, Animoca Brands' investment portfolio is robust, featuring over 450 cryptocurrencies and tokens from diverse Web3 projects.
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